Federal Budget tax

2022 - 3 - 30

Post cover
Image courtesy of "ABC News"

Who gets the $250 payment and who's eligible for the $420 tax ... (ABC News)

The Morrison government's pre-election budget has a few, one-off payments for Australians to help with the cost of living. Most people will get something, ...

questioned the Australia Institute's chief economist Richard Denniss. However, the largest tax cuts will go to the highest-income earners, and Labor has committed to keeping them. According to the Morrison government, the changes will see around 95 per cent of taxpayers facing a marginal tax rate of no more than 30 per cent from 2024-25. - lower the 32.5 per cent marginal tax rate to 30 per cent, leaving all earnings between $45,001 and $200,000 facing a marginal tax rate of 30 per cent. The government has chosen to phase out the so-called Low and Middle Income Tax Offset (LMITO), but it will increase the payment for everyone, by $420, for its last year of operation. The payment will be given to eligible recipients of the following schemes, and to concession card holders:

Post cover
Image courtesy of "TropicNow"

Fuel cuts and tax relief: What's in the federal budget for Cairns and ... (TropicNow)

Tourism and marine sweeteners are among promises to the Far North, but funding for critical water infrastructure and a new CQU campus is missing.

- $1b for the Great Barrier Reef over nine years, which was announced earlier this year. The majority of this will go towards improving water quality, with the rest allocated for reef management and research. What the Coalition is promising: What the Coalition is promising: What the Coalition is promising: What the Coalition is promising: What the Coalition is promising: However, LMITO will be abolished from the July 2024. What AC is asking for: What the Coalition is promising: What AC is asking for: What AC is asking for:

Explore the last week